Domingo Alonso Group restructures its shareholding, guaranteeing its continuity
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Domingo Alonso Group, a leading company in the automotive sector in the Canary Islands, begins a new stage with changes in its shareholding structure and Board of Directors.
Three generations of the Alonso Family have led this company in an exemplary manner throughout its history and have turned this family business into one of the greatest references in the national economy and the automotive sector with a presence in more than 40 countries and a turnover close to 450 million euros in fiscal year 2022. From now on, Oliver Alonso, who has served as president & CEO since 2018, also becomes the sole shareholder after reaching an agreement with his family.
This is a thoughtful, studied and agreed operation between all parties involved under a common objective: to guarantee continuity and a good future for the company. As a result, the third generation has placed its trust in Oliver Alonso to continue alone at the head of the Domingo Alonso Group and take on the challenge of preserving a legacy that is close to celebrating his first centenary.
As Oliver Alonso shared at the “Tribuna de Canarias Awards” recently held in Lanzarote and where he was recognized as “Best Entrepreneur”, “it is a responsibility that I assume with honor, enthusiasm, commitment and the support of the great team that accompanies me. Because without them I wouldn’t be here. This award is named after the 1,370 people who are part of Domingo Alonso Group, who are the true driving force of the company and my great source of inspiration.
For the president of Domingo Alonso Group, the priority of this negotiation has been, at all times, the well-being of the great human team that shapes the company and ensuring the arrival of future negotiations. For this purpose, the business group counts on BBVA and Caixabank who, once again, have once again demonstrated their full confidence in Domingo Alonso Group by taking part in this important operation.
Domingo Alonso Group closes 2023 with the beginning of a new stage, maintaining the values of honesty, effort, perseverance, resilience and humanity that have always defined its trajectory and with which it now faces a promising future full of opportunities.
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